Own Your Car? Here's How You Can Use it to Get Financial Relief
November 3, 2020 | Emma Frost
If times are financially difficult right now, even your car sitting in the garage may feel like a fuel and maintenance money eating machine. People even end up selling their cars to get some instant liquid cash. But we don’t advise you to do that. Owning a car has so many benefits, and you can use your car to make some extra cash without selling it!
The best part? These 3 ways are just some ways you can use your car to make money, depending on your situation. It may take time and dedication, but your car can work wonders for you.
Earn Cash With Just The Use Of Your Vehicle
You Can Start A Side Hustle
If your car is fairly in use, you have a driver’s license, and your driving record is clean, then you can start driving your car around with a part-time job.
You can get a part-time job driving for ridesharing apps like Uber and Lyft or deliver goods to people through Amazon Flex, Roadie, Doorman. You could also deliver groceries through InstaCart and Shipt or food through Uber Eats, Grubhub, OrderUp, or others. You can even help people move houses if you have a bigger vehicle.
Oh yes, there is a very long list of apps that will let you make money using your car. And most of these driving and delivery apps pay very well. In fact, you can easily make up to $20 - $25 an hour with these side gigs.
Rent Out Your Car When You Aren’t Using It
If you rarely take your car out, or if you do not fancy becoming a delivery person, then you can just rent out your car!
This way you do not have to work overtime or move around yourself. You get money letting others use your car! Apps like Hyre Car and Turo let you list your car for rent and also specify what days and times it is available to rent out. So, at your own convenience, you can rent your car out on days it is not in use.
Use Your Car To Get A Fast Loan
Last, but not least, sometimes you need a lot of money fast. You go through unexpected situations that you probably have not budgeted for. Those could include:
- An urgent home or auto repair;
- Medical bills;
- Sudden Important travel;
- An unavoidable payment deadline.
All these normally require cash within a day or two. And arranging that can prove extremely baffling if you don’t have enough savings. If you are experiencing any of these, you could turn to Illinois Title Loans to find out if our title loans could help you out.
Use Your Car To Get Title Loan Cash
Aside from these ways you could make money off your car, there is another to help in emergencies. Illinois title loan could be the help you need to navigate a financial crisis.
We here at Illinois Title Loans, Inc. provide car title owners with fast and convenient title loans. A title loan is a loan where you exchange your title for cash, for a short term. Once you repay the loan, you get your title document back too, safe and sound. You even get to keep your car for that duration of the loan, while you are busy spending your title cash.
Benefits Of Title Loans
The biggest benefit is how quickly and easily you receive the money. The processing time could take between 30 minutes to complete.
If you’re looking for an Illinois Title Loan but have bad credit, don’t worry! Your credit score does not determine whether you are approved or not. So don’t let your poor credit stop you from getting this emergency title loan cash.
Compared to traditional loans, title loans are much easier to obtain. Title lenders don't demand a ton from you. We just ask you bring your ID or driver’s license, your title, and your vehicle. And the best part of it all is that you don't have to surrender your car, just the title!
How To Get Online Title Loans In Illinois
Our process is simple to follow. For a quick step-by-step, our process is as follows:
- Start by filling out our short online form. Just head to our homepage and you’ll find it right there at the very top;
- You’ll then receive a phone call from a loan associate. They will walk you through the process and tell you what required items you need;
- Please bring your state-issued ID, your lien-free vehicle title, and your vehicle to one of our title loans near me locations in Illinois;
- Once you arrive, you will sit with one of our loan representatives to complete the application. They will look over your items, conduct a vehicle inspection, and let you know if you’ve been approved;
- Once you’ve been approved you will receive the amount you were approved for. The whole process could take 30 minutes or less.
If you have a reliable vehicle, why wouldn’t you try to make cash off of it? These methods are simple and can give you a nice little financial cushion.